**SECTION 3.** **TERM, SCHEDULING, AND RENT**




|  |  |  |
| --- | --- | --- |
| 3.1 |  | **Term**. The Term shall commence on the Effective Date, and be effective for a period of one
(1) year. At the end of the first one (1) year period or any subsequent one (1) year period,
the Term shall automatically be renewed for an additional one (1) year period, unless
terminated by either party. Either party may terminate this Agreement with or without cause
upon forty-eight (48) hours notice to the other party; provided, however, that Lessee shall be
permitted to complete any scheduled use of the Aircraft which has commenced. |
|  |
| 3.2 |  | **Scheduling**. Lessee’s use of the Aircraft during the Term of this Agreement is non exclusive.
The parties agree as follows: |